Berkshire Pays a Premium for DaVita
When highly respected Berkshire Hathaway (BRK.A/BRK.B) increases an existing position, many people wonder if they should be mimicking the move. Berkshire reported a Sept. 28, 2012, purchase of 282,403 DaVita (DVA) shares at an average price of $102.35, representing about $28.9 million.
The buy was unusual as DaVita was close to its all-time high rather than at a depressed price. Typically Buffett and his associates like to buy when shares are reasonably priced or cheap....336 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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